News Peg
Trump escalated the U.S. trade war with Canada over the weekend when he allowed a 50% tariff on about $20 billion in goods to take effect, prompting Canada to retaliate with tariffs mirroring the rate and scope of the new levies Trump imposed. The tariffs, coupled with an exemption on beef tariffs announced last week, angered some Republicans. Sen. Thom Tillis, R-N.C., told reporters the subsidized beef was a “mistake,” while Sen. John Barrasso, R-Wyo., wrote on X that “Americans want US beef on the table—not foreign imports.” The relaxed restrictions on some beef imports come as beef prices have surged in recent years amid a livestock shortage, reaching $6.89 per pound for ground beef in July, a 57% increase from 2021.
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Key Background
Trump has a 38.2% approval rating in Nate Silver’s Silver Bulletin polling average as of Wednesday, near his second-term low of 38.1% reached earlier this month, a decline of about four points since the start of the year. A Reuters/Ipsos poll released Monday found Trump’s approval rating stalled at a second-term low of 33%, the same as it was in the groups’ Aug. 17 poll, while support for U.S. military action in Iran was down three points, to 31%, and down six points from March. The Aug. 17 survey also found that for the first time in about a decade, more voters, 38%, prefer Democrats to handle the economy versus Republicans.
further reading
Trump Approval Stalls At Record Low In Latest Survey—As Support For Iran War Falls To 31% (Forbes)
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Canada Imposes 50% Tariffs On Hundreds Of U.S. Products—Doubling Steel And Aluminum Tax (Forbes)
Trump Announces 90-Day Tariff Relief For Ground Beef Imports As Costs Soar (Forbes)
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